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European Stocks Close Lower;
Autos Fall Ahead of Earnings

A Wall Street Journal Online NEWS ROUNDUP

Updated July 21, 2003 1:33 p.m. ET

BRUSSELS -- European stocks closed lower Monday. The auto sector skidded 2.6% as investors kept a cautious eye on German car makers Volkswagen and DaimlerChrysler in anticipation of second-quarter earnings results to be released this week.